Have you been scammed

in LeoFinance6 days ago (edited)

▶️ Watch on 3Speak


I have been dealing with crypto for about 7 years. In this time I have witnessed a lot of scams in the crypto sphere and I have been a victim of some of them.

In the video I tell you how I managed to loose 0.05 BTC in one night :-).

I would love to read about your experiences with scams...

The Liotes Mission

By taking part in the Liotes missions, you can win credits that will help you to increase your score and your title in the Liotes Ranking.

Today's challenge

What are your experiences with scams in the crypto world? Were you a victim of scams? To take part in the challenge, simply write your answer to these questions in a comment below.

Everybody who submits an answer will get 3 credits. If you write more than the bare minimum, you will get 2 additional credits.

We are very grateful if you enter the challenge within 24 hours after the post is published. We will try to count entries up to 36 hours after publication.


Liotes

A project run by @ph1102 and @achim03

Resources


▶️ 3Speak

Sort:  

I have not experienced any crypto related scams. Mostly because I haven't been in it all that long. Going on two years this year. Long enough, I suppose. But then I have good leaders to follow (like you, Jon, Blain, Zoltan, Erik, Eliana, etc.) who have been down this road longer than me and have seen and experienced such things and are kind enough to share their experiences so newbies like me don't have to go through it. On the other hand, I have definitely been scammed in areas that have nothing to do with crypto and almost caused me big problems.

You have pointed out a very important thing! Having a circle of friends to ask for advice, or just opinion about something new before rushing in... It's always better to think with more brains... :)

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Zoltan, this community is everything! I am very grateful for having all of you to share ideas with. This is awesome and yes the more heads together the better. Happy Saturday!😀
!ENGAGE 10
!ALIVE



Made in Canva

@lisamgentile1961
___

Connect

Trade


@lisamgentile1961! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (4/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

You Are Alive and have been rewarded with 0.1 ALIVE tokens from the We Are Alive Tribe, and it's paid for by the earnings on @alive.chat, swing by our daily chat any time you want.

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

Good Morning and Thank you, @hive-112281! Enjoy your day.😀



Made in Canva

@lisamgentile1961
___

I am still in my first year of using crypto, so I consider myself to be the most at risk from scams since I don’t know what I’m doing a lot of the time haha. For that reason I try to be really careful before committing money to anything new. I don’t think I have been scammed yet, but I realize it’s possible I have been and don’t know it yet. Since I’m still new to all this I try my best to read up on projects, and see who else is involved. I do my best to not invest until I’m sure everything is on the up and up. I also try to avoid snap decisions. !LUV

since I don’t know what I’m doing a lot of the time haha.

You are doing better than you think... Don't worry about that :)

I also try to avoid snap decisions.

And that is one great rule! Stick to it and don't rush into shiny things... They will be there tomorrow also (if they are good)... I'm still guiding myself by the rule: "If something is too good to be true, than it's probably isn't"

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@horstman5! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (2/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

I started with crypto at the end of April of this year. I did not have any experience with it prior to then. I am hoping that on the hive platform there are very few to no scam being run. I would prefer to only read about them in stories from other peoples posting.

I am hoping that on the hive platform there are very few to no scam being run.

Well, there were some suspicious projects when we were on the old blockchain, but lately, I didn't notice any... That doesn't mean that there will be no in the future... Keep your eyes and ears open... ;)

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@darmst5339! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (3/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

I have no experience with crypto scams (yet). Although I've been at it for a long time, I got my first BTC when BTC was somewhere over 300 USD, but so far I haven't gotten scammed. I've only used two exchanges, BitStamp (which used to be Slovenian, I'm originally from there and it was easier for me to read Slovenian, now it's been bought by Koreans I think) and Binance at an early stage. Now I make all my purchases on Iconomi, where I have most of my crypto assets invested in crypto funds, they call them strategies. They work since 2017, I think that's a long time for a crypto company.
But I was scammed from some other trades, I remember years ago Funbox where you wrote blogs and got rewards and they never paid them out...

I've only used two exchanges, BitStamp (which used to be Slovenian, I'm originally from there and it was easier for me to read Slovenian, now it's been bought by Koreans I think)

I didn't know that they have been sold to Koreans... Bitstamp was the first exchange that I have ever used...

Screenshot from 2021-06-10 00-21-41.png
One of my first transactions there... :)

Unfortunately, I wasn't that smart to continue using it more, and I went to MtGox, which exit scammed later, and also, I had some funds on Cryptopia... and probably some other smaller exchanges :)

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@seckorama! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (4/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

I lost $500 in the great scam that was bitconnect. I even hate saying the name. I don't even remember how the transactions took place but the fact that it was a pyramid scheme was not apparent to me, as a crypto noob. So a few days or maybe even weeks I began earning BCC then the site crashed and was apparently the victim of a massive DDoS attack. That was their exit scam.

I have missed the Bitconnect story somehow and I do avoid those Ponzi schemes... I would lie if I say that I wasn't involved in them before, but it wasn't in crypto... So, I learned my lesson... and probably you too :) It's not a pleasant way, but still, maybe we would lose a lot more if we didn't learn :)

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

You were involved in ponzi schemes? Sometimes it's just too easy to fool other people.

It's not that I have invented it... I was one of the victims and it was a long time ago in the age of MLM's... as all of them were called MLM, but they were Ponzi schemes and pyramid shits :) :)


Posted via proofofbrain.io

Connect

Trade


@proto26! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (5/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

I've never been scammed but I've made some pretty poor decisions in the four years I've been here. Fortunately, I tend to do my own research before I throw any fiat at these things. It's too hard to earn that fiat for me to blindly throw it at something I know nothing about. There were lots of ICO's in 2017-2018 that were scams. I managed to avoid those and I haven't tried any defi platforms other than CUB so I've been good there.

I've never had anything go to zero but I've ridden a 100x all the way back down to break even. lol Still own it and it's back up to a 5x. Long way to go. I don't make too many big "mistakes" in crypto though because I'm mostly a HODLer. My only real regret was not continuing to accumulate bitcoin during the bear market. I could have added a LOT even with small purchases throughout those couple years. Oh well. I will not make that mistake again.

In the meantime, I try to research tokens/coins that make sense to me. Once I understand them, I try to come up with a "desired position" and then I work towards achieving it. Price is not too much of a factor for me as everything I put in I plan on hodling at least until the next bull run following the next Bitcoin "halvening". In my mind, anything I buy right now is going to be much, much higher in 4-5 years, so I just keep accumulating when I have the fiat to do it.

Posted Using LeoFinance Beta

There were lots of ICO's in 2017-2018 that were scams.

Oh, I know that feeling... lol... I was there, mined some shitcoins... They weren't scams, but they are dead projects... :(

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@dagger212! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (1/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

I haven't really lost any money to crypto scams yet as I haven't really been in the crypto investment world that long. Most of the crypto I bought with fiat are essentially HODL and a portion of it is in companies like Blockfi generating interest. So it could very well be a scam but who knows.

On my journey to create some income sources, I have found a few sites like exabit that lets you mine BTC over time and etc. I didn't place any money into the site so all I lost was probably a little bit of time and them knowing the email address of one of my alternate accounts. I haven't deeply invested in Defi yet so I have yet to face a rug pull and I don't think Cub Finance would ever rug pull us.

Posted Using LeoFinance Beta

3 credits and 2 bonus credits added

I haven't really lost any money to crypto scams yet as I haven't really been in the crypto investment world that long.

Yeah, they need time to mature... But, those can be only bad investments, and they aren't the real "scams"...

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@jfang003! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (2/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

I lost one ETH in the DAO hack (the one that resulted in ETC being born). I don't remember exactly, but I'm 99% sure I got it back after they got things sorted out. Looking back it seems like a lot of money, but as I recall, it was only about $20 USD at the time.

Crypto is so much drama, which is part of the fun in my view as long as you're safe and don't get in over what you can lose.

Hehehe.. I like your definition of crypto... lol... It's true that it's drama and people take things too seriously sometimes... And of course, never put more than you can afford to lose...

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@crrdlx! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (3/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

Do rug pulls count as scams? I read a few weeks (?) ago about PolyGold on Polygon/Matic in LeoFinance discord. I threw a few bucks in it, less than 50$, without checking anything. Their 'proposition' was interesting, but nothing was done beyond the forked contracts. A few days ago the dev pulled the rug. Funny thing is that I ended up slightly in profit after the rug pull. But I heard some may have lost 6 figures of investments or so.

Posted Using LeoFinance Beta

Huh... If you were in the profit after a short time, that means that it was too good to be true.. :) Glad to hear that you finished in profit, though...

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Nah, I just insisted after the rug pull, when I couldn't break my LP into the component tokens (or didn't know how - their token wasn't directly supported on the main Polygon AMM, the equivalent of PancakeSwap or Uniswap), and that way I earned some of their token when it had astronomical APY and still a value around 2-3$, which I swapped for USDC or Matic.

Posted Using LeoFinance Beta

Connect

Trade


@gadrian! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (4/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

3 credits and 2 bonus credits added

I have been in crypto world from last 4 years and it starts with the freebitco.in faucet. To be honest I have not invested the fait money in crypto world, so in this manner I have not lost anything. But I like to mention some games based on the Hive blockchain specially the casino type. I do not remembered the name (I guess steembet) was one disappear in similar manner you mentioned in the video.
Take care...

The scamming sites can come and quite a lot of different shapes. I remember this casino type website and it was a classical exit scam...

!ENGAGE 10

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

Your content has been voted as a part of Encouragement program. Keep up the good work!

Use Ecency daily to boost your growth on platform!

Support Ecency
Vote for Proposal
Delegate HP and earn more

Thanks for the support! It's always a pleasure!

!LUV


Posted via proofofbrain.io

@ecency, you were given LUV from @ph1102. About: https://peakd.com/@luvshares

@liotes, you were given LUV from @horstman5. About: https://peakd.com/@luvshares